---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-033600"
form_type: "8-K"
ticker: "ZSPC"
cik: "0001637147"
company_name: "zSpace, Inc."
filed_at: "2026-03-24T23:59:59+00:00"
generated_at: "2026-05-15T09:12:42.168340+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# zSpace refinances Itria debt with $1.34M loan at 18.99%, defers Fiza interest to Dec 2026

## Summary
- New $1,344,500 Itria term loan at 18.99% APR, 24-month term, second-priority lien on assets.
- Proceeds repaid two existing $1M Itria loans; prior agreements and security interests terminated.
- Fiza Amendment No. 4 defers interest payments until Dec 31, 2026; accrued interest is capitalized.
- Prepayment allowed after first month; 1.5% prepayment fee if within first 12 months.
- New loan subordinated to senior lender 3i, LP under amended intercreditor agreement.

## SEC filing metadata
- accession: 0001104659-26-033600
- form_type: 8-K
- ticker: ZSPC
- cik: 0001637147
- company_name: zSpace, Inc.
- filed_at: 2026-03-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1637147/000110465926033600/0001104659-26-033600-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1637147/000110465926033600/tm269408d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-033600
- JSON: https://secwatch.observer/filing/0001104659-26-033600.json
- Plain text: https://secwatch.observer/filing/0001104659-26-033600.txt

## Key facts
- Debt Financings
  zSpace, Inc. incurred term loan of $1,344,500 with Itria Ventures LLC at 18.99% per year maturing 24-month anniversary of the funding date.
  - Instrument: term loan
  - Principal: $1,344,500
  - Counterparty: Itria Ventures LLC
  - Rate: 18.99% per year
  - Maturity: 24-month anniversary of the funding date
  - Event: incurrence
  source text: the Lender agreed to provide the Company with a term loan in the principal amount of $1,344,500 (the “New Loan”) at an interest rate of 18.99% per year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637147/000110465926033600/0001104659-26-033600-index.htm
- Material Agreements
  zSpace, Inc. amended Fiza Amendment with Fiza Investments Limited (effective 2026-03-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Fiza Investments Limited
  - Effective: 2026-03-22
  source text: On March 22, 2026, the Company and Fiza Investments Limited (“Fiza”) entered into an Amendment No. 4 (the “Fiza Amendment”) to Loan and Security Agreement dated July 11, 2024 (as amended, the “Fiza Loan Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637147/000110465926033600/0001104659-26-033600-index.htm
- Material Agreements
  zSpace, Inc. terminated a credit facility with Itria Ventures LLC (effective 2026-03-19).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Itria Ventures LLC
  - Effective: 2026-03-19
  source text: In connection with the entry into the New Loan Agreement described in Item 1.01 above, the Company repaid all outstanding principal, accrued interest, and applicable fees under the two prior Loan and Security Agreements with Itria Ventures LLC dated August 20, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637147/000110465926033600/0001104659-26-033600-index.htm
- Material Agreements
  zSpace, Inc. entered into New Loan Agreement with Itria Ventures LLC valued at $1,344,500 (effective 2026-03-19).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Itria Ventures LLC
  - Value: $1,344,500
  - Effective: 2026-03-19
  source text: On March 19, 2026, zSpace, Inc. (the “Company”), entered into a new Loan and Security Agreement the (“New Loan Agreement”) with Itria Ventures LLC (the “Lender”) in connection with the refinancing of all of its outstanding debt with the Lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637147/000110465926033600/0001104659-26-033600-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.